Rheinmetall (0NI1 – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Chloe Lemaire from Jefferies maintained a Buy rating on the stock and has a €1,880.00 price target.
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Chloe Lemaire’s rating is based on Rheinmetall’s impressive performance across its defense divisions, which showed substantial growth in sales ranging from 49% to 93%. This robust growth was partly driven by a pull-forward effect, contributing approximately €140 million or around 12% to the increase.
Furthermore, the company’s adjusted EBIT has doubled in its VS and W&A divisions, and the free cash flow of €266 million exceeded expectations by 26%. The reaffirmation of the full-year guidance, coupled with the strong first-quarter results, indicates potential upward pressure on future performance, justifying the Buy rating.
Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and BAE Systems. According to TipRanks, Lemaire has an average return of 34.6% and an 84.89% success rate on recommended stocks.
In another report released on May 5, UBS also maintained a Buy rating on the stock with a €1,840.00 price target.